Casey's General Stores (CASY) shares plummeted 5.06% during intraday trading on Monday, as investors reacted to the company's upcoming quarterly earnings report scheduled for release after the market close.

The sharp decline comes amid broader market concerns, with U.S. stock futures pointing lower due to rising borrowing costs and oil prices above $100 per barrel. These factors are creating inflation worries that are particularly relevant for Casey's business, which relies heavily on fuel margins and in-store consumer demand.

Analysts are expecting Casey's to report quarterly earnings of approximately $2.98-$2.99 per share on revenue of $4.04 billion. The market appears to be pricing in potential challenges related to fuel profitability and consumer spending patterns ahead of the official results announcement.